In the post-2008 U.S. equities markets, it has been said that the market’s “animal spirits” (i.e., consumer and investor confidence) have prevailed. Some analysts, fearing a long-in-the-tooth bull market’s imminent end, wonder if the animal spirits need to be tamed, and whether a position in gold would be a sensible means of hedging against this eventuality. And, what is the real purpose of owning gold now – is it an asset, or is it insurance?
For a reliable perspective on gold and the economy, Portfolio Wealth Global interviewed Mark O’Byrne, who is the Founder as well as the Executive and Research Director of GoldCore, located on the worldwide web at www.GoldCore.com. Mark is a renowned authority in precious metals, fintech, and financial solutions.
Founded in 2003 by Mr. O’Byrne, GoldCore has become one of the leading gold brokers in the world. In the last fourteen years, Mark O’Byrne and his business partner, Stephen Flood, have made GoldCore the go-to gold broker for discerning clients globally.
GoldCore offers premium-quality gold, silver, platinum, and palladium bullion mass to affluent, HNW, UHNW and institutional investors, including family offices. A truly international firm, GoldCore offers its as far as London, Zurich, Singapore, Hong Kong, Dubai, and Perth.
Courtesy of Mark O’Byrne
Specializing in allocated and segregated gold bullion ownership, GoldCore has over 4,000 clients in over 40 countries, along with over $200 million in assets under management and storage. GoldCore has industry-leading sales of over $1 billion and continues to dominate the gold bullion market.
Mark O’Byrne’s passion is helping people to protect and grow their wealth with the provision of the safest forms of precious metals ownership: allocated physical gold, silver, platinum, and palladium bullion coins and bars. Mark and GoldCore educate people about our modern monetary and financial system and how a precious metals diversification remains an important way to grow wealth in today’s uncertain world.
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Portfolio Wealth Global asked Mr. O’Byrne whether, given the aging bull market, people should view gold as insurance and not as an asset that enriches the individual. For one thing, according to Mark O’Byrne, it’s important that we avoid allowing our “animal spirits” – both in terms of greed and fear – to get out of control in the current market environment.
What Mr. O’Byrne sees in the gold market today is a bit of both emotions, greed and fear. However, according to according to Mark O’Byrne, it’s recently more about fear than greed. Still, as Mark explains it, the people who are buying gold aren’t about returns as much as wealth preservation.
Courtesy of Empire Precious Metals
Thus, according to Mark O’Byrne, gold’s value is as a form of insurance against the risks that we see in the world and in the markets. Not that the “animal spirits” are always a bad thing; some exuberance in the gold market would be a good thing, explains Mr. O’Byrne, because that would encourage new buyers to come in.
The fact, according to Mark O’Byrne, is that most investors are focused on returns, and they tend to concentrate on gold’s price rather than gold’s value. And gold’s value is as a hedge or a form of insurance; Mr. O’Byrne has plenty of stories to tell about the financial crisis, when gold came into its own.
It was during the financial crisis, indeed, when many people found that gold was the one liquid asset that they could sell, according to Mark O’Byrne. At that time, gold was the only way that some people were able to pay down their debt or their balance sheet, look after their children’s education, take care of their health-care needs, buy property and other investments, and so on.
So ultimately, gold has value in helping people to achieve their goals, both in terms of their day-to-day needs as well as their long-term needs, according to Mark O’Byrne. Hence, gold shouldn’t be seen solely as an investment; it’s more about its utility and its value as a safe-haven asset during certain economic conditions.
Mr. Mark O’Byrne really did a terrific job of explaining gold’s true value in this aging bull market, so it’s definitely worthwhile to watch Portfolio Wealth Global’s complete interview with Mr. O’Byrne. We also would like you to visit GoldCore, at www.GoldCore.com as a primary source of gold-related information and analysis.
I also would like to direct you to Portfolio Wealth Global’s essential financial reports, which include our guidebook to the massive gold bull market that’s coming in the near future, our exclusive report on the coming stock market crash, plus our play-by-play guide on how to shelter your portfolio from the impending collapse in the bond markets.
Research Partner, PortfolioWealthGlobal.com
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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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